He Gold of Gold Price in euros records profits this Tuesday After falling on Monday to minimum of two days at 2,810.18.
The Xau/EUR closed yesterday’s day over 2,828.88, losing 0.82% in the day.
The price of gold in euros has jumped in Tuesday’s Asian session of a minimum daily at 2,825.72 to a maximum of the day at 2,849.74.
The XAU/EUR price at this time is at 2,845.66, winning 0.59% Diarieither.
From a year to this part, the price of gold in euros has earned 29.15%.
What factors have influenced the price of gold recently?
- The feeling of global risk improved after the White House announced the weekend that mobile phones, computers and other electronic devices that come from China would be temporarily exempt from 145% tariffs imposed by Donald Trump, although they would have to pay 20% of the initially established rates.
- Yesterday, the US president said he was considering possible exemptions for the carrotic automobile industry of 25%, since companies need more time to make the transition to parts manufactured in the US.
- However, Trump clarified after the exemptions were temporary and added that he would announce the tariffs on the semiconductors imported during the next week. Trump also threatened to impose tariffs on pharmaceutical products In the not too distant future. This continues to feed the uncertainty of investors, causing gold on Tuesday to rebound as a safe refuge asset.
- The UN has accused Israel on Tuesday of killing more than 70 civilians in Lebanon since in November 2024 the Fire’s high pact entered into force. The organization’s spokesman, Thameen to Kheetan, has asked that ‘violence ends immediately’. Meanwhile, the Israeli army continues with the destruction of Gaza after annihilating the hospital to Ahli on Sunday. It has also been denounced that the Israel Army has killed six brothers after bombing a car in the center of the strip.
- The Zew economic feeling survey in Germany has fallen to -14 points in April from the +51.6 de March, worsening the 9.3 expected by the market. This is the first time that the indicator falls into negative territory in 18 months. The Economa Economic Feeling Zew has sunk at -18.5 from +39.8, placing itself well below 14.2 estimated, its worst record since September 2023.
FAQS GOLD
Gold has played a fundamental role in the history of mankind, since it has been widely used as a deposit of value and a half of exchange. At present, apart from its brightness and use for jewelry, precious metal is considered an active refuge, which means that it is considered a good investment in turbulent times. Gold is also considered a coverage against inflation and depreciation of currencies, since it does not depend on any specific issuer or government.
Central banks are the greatest gold holders. In their objective of supporting their currencies in turbulent times, central banks tend to diversify their reserves and buy gold to improve the perception of strength of the economy and currency. High gold reserves can be a source of trust for the solvency of a country. Central banks added 1,136 tons of gold worth 70,000 million to their reservations in 2022, according to data from the World Gold Council. It is the largest annual purchase since there are records. The central banks of emerging economies such as China, India and Türkiye are rapidly increasing their gold reserves.
Gold has a reverse correlation with the US dollar and US Treasury bonds, which are the main reserve and shelter assets. When the dollar depreciates, the price of gold tends to rise, which allows investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rebound in the stock market tends to weaken the price of gold, while mass sales in higher risk markets tend to favor precious metal.
The price of gold can move due to a wide range of factors. Geopolitical instability or fear of a deep recession can cause the price of gold to rise rapidly due to its condition of active refuge. As an asset without yield, the price of gold tends to rise when interest rates lower, while the money increases to the yellow metal. Even so, most movements depend on how the US dollar (USD) behaves, since the asset is quoted in dollars (Xau/USD). A strong dollar tends to keep the price of gold controlled, while a weakest dollar probably thrusts gold prices.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
